Musk’s unannounced trip is the latest by a major U.S. CEO to China since the country reversed its zero-COVID policy and reopened its borders. Apple’s Tim Cook visited in March, while JP Morgan’s Jamie Dimon and Starbucks’ Laxman Narasimhan are also in China this week. He’s “a pioneer”, “Brother Ma” and some want him to… Continue reading Elon Musk greeted with flattery and feasts during China trip
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Elon Musk greeted with flattery and feasts during China trip
BEIJING, May 31 (Reuters) – He’s “a pioneer”, “Brother Ma” and some want him to be U.S. president. Billionaire Elon Musk has been showered with praise by the Chinese public during his trip to China and while also securing audiences with three government ministers. Since landing in Beijing on Tuesday, the Tesla Inc (TSLA.O) chief… Continue reading Elon Musk greeted with flattery and feasts during China trip
Elon Musk kicks off China visit, Tesla expansion in focus
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China. Tesla Chief Executive Elon Musk on Tuesday kicked off a high-stakes visit to China with a meeting with the country’s foreign minister in Beijing, marking his return to the electric carmaker‘s largest production hub after three… Continue reading Elon Musk kicks off China visit, Tesla expansion in focus
Autocar magazine 31 May: on sale now
This week in Autocar, we reveal the successor to the Aston Martin DB11, test the Pembleton T24 and find out what the BMW M3 Touring has in common with the Range Rover Sport. News Aston Martin’s new era is kicking off with the new DB12 – a front-engined 671bhp sports car touted as “the world’s… Continue reading Autocar magazine 31 May: on sale now
Bristow announced as preferred bidder for the Irish Coast Guard Aviation Service
DUBLIN, May 30, 2023 /PRNewswire/ — Bristow Ireland Ltd., a subsidiary of Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions, has been announced by the Irish Department of Transport as the preferred bidder for the next Irish Coast Guard (IRCG) search & rescue aviation (SAR) contract. Following the… Continue reading Bristow announced as preferred bidder for the Irish Coast Guard Aviation Service
Tata Motors and Mahindra & Mahindra apply brakes on EV fundraise plans
The companies are not keen to go ahead with investments unless they are at the right valuation. Plans by Tata Motors and Mahindra and Mahindra (M&M) to sell stakes in their respective electric vehicle (EV) units have stalled over valuation mismatches, causing both to suspend the process, said people aware of the development. Tata Motors… Continue reading Tata Motors and Mahindra & Mahindra apply brakes on EV fundraise plans
Ford EVs to get access to Tesla charging network, CEOs say
Two auto industry heavyweights and competitors are teaming up to expand access to electric-vehicle charging in North America. Ford Motor Co. CEO Jim Farley and Tesla Inc. CEO Elon Musk on Thursday announced that, starting next year, Ford’s EVs will gain access to Tesla’s proprietary Supercharger network. They shared the news during a live event… Continue reading Ford EVs to get access to Tesla charging network, CEOs say
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May 26 (Reuters) – Shares of Marvell Technology soared about 23% on Friday after the chipmaker became the latest to project a big surge in revenue from the AI boom, days after larger peer Nvidia Corp (NVDA.O) signaled the huge potential for the technology. The gains were set to add nearly $10 billion to Marvell’s… Continue reading Untitled
China’s securities regulator allows Morgan Stanley to set up futures unit
China’s securities regulator said on Friday it had allowed Morgan Stanley to set up a China futures company in Beijing, to implement the opening-up of the country’s futures market. “In the next step, the China Securities Regulatory Commission (CSRC) will continue to deepen the opening up of the futures market, and support qualified overseas institutions… Continue reading China’s securities regulator allows Morgan Stanley to set up futures unit
Ford CEO Jim Farley says Chinese automakers such as BYD are its greatest EV rivals
Ford CEO Jim Farley at a battery lab for the automaker in suburban Detroit, announcing a new $3.5 billion EV battery plant in the state to produce lithium iron phosphate batteries, Feb. 13, 2023. Michael Wayland/CNBC DETROIT — Ford Motor’s largest competition in electric vehicles isn’t U.S. leader Tesla or crosstown rival General Motors —… Continue reading Ford CEO Jim Farley says Chinese automakers such as BYD are its greatest EV rivals